Solitario Resources (NYSEAMERICAN:XPL) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Solitario Resources reported a quarterly loss of $0.02 per share, missing analysts’ consensus estimate of a $0.01 loss by $0.01.
• The stock was unchanged at $0.74, with a market capitalization of approximately $68.9 million; institutional investors own 18.23% of the company.
• Analyst sentiment remains moderately positive: HC Wainwright reiterated a Buy rating with a $1.20 price target, while the overall analyst consensus is “Moderate Buy.”

Solitario Resources (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR issued its earnings results on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01), FiscalAI reports.

Solitario Resources Stock Performance

Solitario Resources stock remained flat at $0.74 during midday trading on Thursday. 40,373 shares of the company were exchanged, compared to its average volume of 273,281. Solitario Resources has a 1 year low of $0.54 and a 1 year high of $0.98. The firm has a market cap of $68.87 million, a price-to-earnings ratio of -14.80 and a beta of 0.46. The firm has a fifty day moving average of $0.77 and a two-hundred day moving average of $0.80.

Institutional Trading of Solitario Resources

A number of hedge funds have recently modified their holdings of XPL. Citadel Advisors LLC acquired a new stake in shares of Solitario Resources in the third quarter worth $194,000. Mercer Global Advisors Inc. ADV acquired a new position in Solitario Resources during the third quarter valued at $35,000. Geode Capital Management LLC raised its position in Solitario Resources by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company's stock valued at $454,000 after buying an additional 55,958 shares during the period. Renaissance Technologies LLC lifted its stake in Solitario Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company's stock worth $903,000 after acquiring an additional 178,035 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Solitario Resources by 185.0% during the 4th quarter. XTX Topco Ltd now owns 53,018 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 34,415 shares in the last quarter. Hedge funds and other institutional investors own 18.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and issued a $1.20 target price on shares of Solitario Resources in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1.20.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario's work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company's project portfolio includes a range of properties across North and South America.

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